Quote from: dumplingsandsushi on March 27, 2018, 10:58:43 PM

Quote from: TUMAS on March 20, 2018, 03:38:35 PM

Hi All,

Do you think TRX will ever reach $10 in the coming years? With TRX currently at 0.03 if you invest $4000 (100,000 tokens) and one day it will hit $10 per token you are an instant Millionare right? Is it worth the risk?

Opinions are appreciated

I have some advice for you that is more about investing and crypto in general rather than about trx specifically.
Every now and then, there is someone that asks about becoming a millionare here on the forums.
While making a substantial profit from crypto is definitely possible, it is a lot more complicated than that.

It's not as simple as buy X coin at X price then sell at X price and be rich.
The reality of liquidating your crypto into actual money is a lot more involved than that.

First, you have to change your coin into btc or eth, whichever one you want to change into money.
And you need to do it at a time when not just your coin is up but when btc or eth is profitable to change into fiat also.
Turning that amount of crypto into money will also take time and logistics.

If you use an exchange, you will need to have the highest level of verification to reasonable convert btc to cash and move that cash into a bank account.
You could also use localbitcoins and sell directly to someone, but that will also take time to find buyers for all of your btc.

Then, there is the problem with taxes. Depending on which country you live in, you may have to pay a huge chunk of that in taxes.
In america, if you decide to not pay taxes on it, and you are suddenly living the millionare life without having reported your additional income, prepare to be audited.

Also, a million dollars isn't really that much nowadays. ARe you just going to save it, buy a house, reinvest it?

So, the best thing to do, instead of asking if tron will make you a millionare, is to research the path to actually becoming one and making plans for after you are one.

GREAT what a lovely and detailed advice, it looks like you're a master at it. Just why I now resent the fact that I have wasted my time on reading your great posts. I think you're sick and You need to go to the doctor, that's my advice )